Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Retiring to Portugal, Cheesy

https://cointelegraph.com/news/portugal-tax-authority-bitcoin-trading-and-payments-are-tax-free

Here:

Quote from: SuperTA on August 23, 2019, 06:02:07 PM

Quote from: ðºÞæ on August 23, 2019, 05:56:56 PM

Quote from: SuperTA on August 23, 2019, 05:17:23 PM

Quote from: bkbirge on August 23, 2019, 05:06:52 PM

Looks like the IRS is hell bent on destroying investors...
https://cointelegraph.com/news/crypto-taxation-around-the-globe-what-do-regulations-look-like

Countries without tax on crypto

Malta
Portugal
Belarus
Panama
Puerto Rico
Singapore (individuals don't pay tax on profits from the crypto trading)
Slovenia (if you have less than 100 tradable days per year)
Germany (if you hold at least 1 year)
Liberland (very pro-bitcoin micro state)
Austria (if you hold at least 1 year)

Not true for portugal
https://hackernoon.com/from-0-to-55-a-brief-guide-to-cryptocurrency-taxation-around-the-world-f3953cd74e58

Probably outdated source because in 2018 Portugal declared completly tax free for cryptocurrencies. Even today's cointelegraph news mentioned Portugal as one of the countries with no tax.

Cool! WO was discussing about that 6 days ago Wink

and you didn't provide any link obviously... Roll Eyes

I think y'all maybe missed the point of the link I posted today, this isn't old news from 6 days ago. The link explains that purchases with crypto are VAT free. This follows from a clarification by the Portuguese gov't a couple days ago. Note the quote below isn't talking about investment gains.

Quote

According to a report published on Aug. 26 by Portuguese business newspaper Jornal de Negócios, the Portuguese Tax and Customs Authority have confirmed that crypto transactions or payments are exempt from Value Added Tax (VAT).